Goldman Sachs (GS) upgraded SolarCity stock to a “conviction-buy.” SolarCity stock had previously been given a “neutral” rating by Goldman Sachs. The investment bank also raised its target price for SolarCity stock from $65 a share, to $80 a share, WKRB 13 notes.
SolarCity stock has benefitted from a number of recent upgrades by investment analysts. Equities analysts at Deutsche Bank (DB) and Credit Suisse (CS) have given SolarCity stock solid ratings in recent months.
Since May 2013, SolarCity stock has almost tripled in value.